Daily market summary,plan charts and data of NF – 29May’26

Bell balanced profile for NF on Thursdaty..Supply was there and no squeeze above 24060 expected a move towards 23820. They had sm whipping moves at open and margincally cleared 24060 but could not sustain and gone for 23820 and below then closed at low on Friday.

Failed auction at top.

Neutral extreme down double disbn day.

Outside day.

3IB day.

Spike down close - 23802-23711 spike zone.

dPOC down at close. Sellers need to stay down holding below spike high and create value and not doing so could bounce to test extn handle of the day.

Levels wise, 23830 res. Not accepting above could go for balance between 23830-23750-23710 and weak below that for 23670/23630 if sustains 23590/23550-23540 possible or failing to stay above 23930 and back below 23840 could get 23805-23790/23750/23720.

Failing to stay below 23710 and accepting above 23750 could test 23785/23820-23830 reject else 23865/23895 odds and further move above 23905 could get 23940/23970/24020-24030.

Weekly and monthly :

Higher value spike down week and Long liquidation inside month for May. 23830 pivot and 23950 res for the week. Holding 23830 odds to get 23640/23550/23460/23350 bounce else more weakness towards 23265/23150. If stays above 23830 could get 23950 reject else 24040 decide there.

23980 first good res for month then next good res 24240 for June. Downside 23350 support. Likely to spend first half of the month inside this range and whichever sustains could get 350-500 points move beyond 24240 or 23350.

Chart and data :